NPCI Extends Market Cap Deadline for UPI Apps for Two Years
Millennium Post Kolkata|Kolkata 02January2025
Currently, major TPAPs like Google Pay and PhonePe hold an 80 per cent share in UPI transactions

NEW DELHI: In a relief to major players like PhonePe and Google Pay, NPCI has extended the deadline for implementing a 30 per cent volume cap on third-party Unified Payments Interface (UPI) apps by another two years till December 31, 2026.

This is the third time that the NPCI has extended the deadline.

"Considering various factors, the timeline for compliance of existing third-party application providers (TPAPs) who are exceeding the volume cap, is extended two years i.e., till December 2026," NPCI said in a circular issued on Tuesday.

هذه القصة مأخوذة من طبعة Kolkata 02January2025 من Millennium Post Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة Kolkata 02January2025 من Millennium Post Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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